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India-Oman trade pact: Govt's 'Plan B' amid Hormuz crisis

Middle East chaos has kept the crucial Strait of Hormuz squeezed for over three months now, disrupting one of the world's busiest energy corridors, sending ripples across nations. But amid the chaos, India may have quietly found a Plan B — Oman. India's free trade agreement with Oman, which comes into effect on June 1, could help keep trade and energy supplies flowing when the Gulf region hits a rough patch, according to the Global Trade Research Initiative (GTRI).

Times of India 9d ago

US proposes action against 60 countries over forced labour concerns: Why India is on the list

India and the United States may be 99% closer to signing the BTA, but a new proposal from Washington suggests that the trade story isn't quite finished yet. The United States Trade Representative (USTR) on Wednesday named India among countries that could face additional tariffs over concerns about preventing goods linked to forced labour from entering global supply chains. The proposal follows one of 60 investigations conducted under Section 301 of the US Trade Act of 1974.

Times of India 7d ago

Trump’s 12.5% additional tariffs move under Section 301: What does it mean for India

Two days after Commerce minister Piyush Goyal said that the India-US trade deal was now down to finalising the ‘commas and full stops’, the Donald Trump administration has proposed to impose additional tariffs on countries under its Section 301 probe. India is one of the many countries that has been named. The Section 301 probe launched by the US in March 2026 is a known variable in India’s trade deal talks with America.

Times of India 7d ago

Tanzania's iconic heritage sites face damage from state-backed tourism

Tanzania's iconic heritage sites face damage from state-backed tourism Lisa Lock Scientific Editor Robert Egan Associate Editor Assessment of four heritage sites in Tanzania finds that all are under threat from the institutions meant to steward them, prioritizing income from tourism over the sites' preservation and refusing to engage with community protection initiatives. Tanzania is home to numerous globally important heritage sites and they, like many archaeological sites around the world,...

Phys.org 6d ago

Hong Kong's IPO boom is developing a performance problem

BEIJING — Hong Kong may be the top market globally for initial public offerings, but it also suffers from a growing trend of weak stock performance from those debuts. The Hong Kong exchange was first in the world by IPO funds raised last year — besting the New York Stock Exchange and the Nasdaq, which came second and third respectively — according to KPMG, which noted that strong momentum in 2025 continued in the first quarter of this year. More than 600 companies are waiting to list on the...

CNBC 2d ago

Deep learning four decades of human migration

Abstract Human migration is a fundamental driver of global demographic change, shaping population structure, labour markets and social policy across countries1,2,3. Although long-term migration patterns are often linked to economic development4, they can shift rapidly in response to shocks such as conflict, environmental crises and political change5. Despite its importance, migration remains difficult to measure consistently: existing data are sparse, concentrated in high-income settings and...

Nature 18h ago

'Insane scale': A close-up look at scam compounds along Cambodia's border with Vietnam

'Insane scale': A close-up look at scam compounds along Cambodia's border with Vietnam In the second of a two-part series that looks into scam operations in Cambodia, CNA travels along the country’s eastern border with Vietnam, where new roads, casino zones and guarded compounds have transformed agricultural land into a frontier for online scams. PHNOM PENH: It is a chaotic and dusty artery that links Cambodia to Vietnam through the frontier town of Bavet. Dozens of workers pack into the...

Channel News Asia 8d ago

The €3trn question: Can markets handle SpaceX, OpenAI and Anthropic all at once?

Three of the most valuable companies ever created are going public within months of each other. The combined value of SpaceX, OpenAI and Anthropic could reach $4 trillion (€3.44trn). Wall Street is excited but also nervous.

Euronews 2d ago

Universities in Hong Kong and Kazakhstan deepen ties during Lee’s visit

Universities in Hong Kong and Kazakhstan deepen ties during Lee’s visit Education University of Hong Kong and Polytechnic University sign agreements with Nazarbayev University on research and other areas Two universities in Hong Kong have signed partnership agreements with a leading varsity in Kazakhstan in a move lauded by the city leader as deepening academic collaboration and strengthening people-to-people ties between the two places. The 70-strong delegation led by Chief Executive John...

South China Morning Post 7d ago

SpaceX sets $135 price for blockbuster IPO, upending Wall Street convention

SpaceX sets $135 price for blockbuster IPO, upending Wall Street convention NEW YORK, June 3 : SpaceX publicly set a $135 price for shares in its initial public offering on Wednesday, upending the longstanding Wall Street price-discovery apparatus and underscoring Elon Musk’s determination to raise record sums his way. The company’s decision to publish a price a week ahead of its landmark offering has few if any precedents among major U.S. IPOs, and reflects Musk’s standing in the financial...

Channel News Asia 6d ago